> This is horrifying that anyone even considered this.
The mortgage can be passed on to children, they aren't being forced on them.
My sister got lucky when my dad died that they let her assume the mortgage they took out together on their house. Not having that option would have been difficult for her, because she really wouldn't qualify for one by herself, and the payments on the home were less than it would be to rent something equivalent.
Actually, why not make this an option: children can assume the mortgages of properties they inherit from their parents? Because it isn't automatic right now, even if they are joint on the mortgage already.
The mortgage can be passed on to children, they aren't being forced on them.
My sister got lucky when my dad died that they let her assume the mortgage they took out together on their house. Not having that option would have been difficult for her, because she really wouldn't qualify for one by herself, and the payments on the home were less than it would be to rent something equivalent.
Actually, why not make this an option: children can assume the mortgages of properties they inherit from their parents? Because it isn't automatic right now, even if they are joint on the mortgage already.